Ethereum Breaks Major Resistance Above $700 – What’s Next?

Ethereum is back to the centre of attention today following a major technical breakout above the 700 mark. This move comes after a week of stagnating Ethereum prices and serves as the much-anticipated confirmation for the long-term potential of the world’s second most valuable blockchain.

Bitcoin might be the king of the crypto world, but for those who understand the technology behind Ethereum, I don’t expect them to sell anytime soon. Most ICOs are built on the Ethereum protocol. This means, running an ICO requires acquiring Ethereum first. Should the ICO trend continue, I predict initial coin offerings to take over traditional ways of fundraising and Ethereum to reach new dizzy highs.